31 July 2017
PHILIPPINES: Pangasinan Investors Wooed with Tax Breaks and Streamlined Processing
Investors in the northern province of Pangasinan (Luzon Island) are to be eligible for exemptions from corporate income tax (CIT) for at least five years under the terms of the provincial government’s investment promotion programme. In addition, any such investments will also be rapidly processed through a new streamlined one-stop facility.
The provincial government has also designated a number of sectors as investment priorities, including food processing, tourism, business process outsourcing and renewable energy. Additional opportunities are also on offer to any investors interested in developing the region’s port / airport facilities on a build, operate and transfer (BOT) basis.